(U.S. Customs & Border Protection & Border Protection) Liquidation is the final computation or ascertainment, performed by the U.S. Customs & Border Protection & Border Protection Service (USCS), of the…
Trade Terms
LOAD
Materials and merchandise being moved in small or large amounts such as on a pallet, or in a container, etc..
LOAD DESIGN
The designation of a safe load limit based on a probability of failure of the load platform.
LOAD PLATFORM
The surface of a shelf or pallet on which merchandise is placed.
LOAD-CARRYING CAPACITY
The capability to support a given weight that is within design and performance criteria for the load platform or storage rack.
LOADING SYSTEM
A method of building unitized loads. Some of the most common systems are 1) Unit loading (strap loading), 2) Unitization (topping and strapping many packages), 3) Bonded blocking (loading like…
LOCAL AREA NETWORK
Workstations that link employees to allow date sharing, data assembly, and data manipulation. Information can be passed on with a minimum of effort and paper work associated with it can…
LOGISTICS
The management of both inbound and outbound materials, parts, supplies and finished goods. Includes such activities as; production scheduling, forecasting, customer service, order entry, inventory control, and product allocation among…
LTGE
Lighterage.
M.F.N.
Most favored nation. Preferential duty treatment granted to countries with M.F.N. status.
